Free money in silver?
- Thread starter tim888
- Start date
I feel I am missing the most important rally of all times. I am putting everything I have left in cash in silver today at the open. I mean all the cash I got. This thing has a long way to go. Don't care about risk management. It recovered in one just day and now it is making new highs. This is how it will go for the rest of the year. I see $80 easy.
.Yeah, I agree when this thing crashes it will crash hard. Silver is basically just an industrial waste metal, with apologies to the diehards.
But you've got to have removal of liquidity from the system for that to happen. Will crash the stock market, banks, and housing market along with it.
2 observations - First, with all the turmoil in governments in the middle east and africa, where they are traditionally physical metal holders by culture and religion, I wouldn't be surprised if some of these dictators are hedging their bets by converting to physical, especially since the USD currency might not be too friendly to them.
Second, China historically valued silver almost as highly as gold, and used silver for trade much like we did with gold in the old gold standard/balance of payments world. Remember the trade dollar, minted for use to trade with china in the 19th century?http://en.wikipedia.org/wiki/Trade_dollar_(United_States_coin) . As the chinese are a people of great tradition, I can't help but wonder if this price increase is coming from the east... just a musing, no way to prove.
I'm waiting for a rise in short term interest rates to signify a change in the operating environment. I see no indication of this.
But you've got to have removal of liquidity from the system for that to happen. Will crash the stock market, banks, and housing market along with it.
2 observations - First, with all the turmoil in governments in the middle east and africa, where they are traditionally physical metal holders by culture and religion, I wouldn't be surprised if some of these dictators are hedging their bets by converting to physical, especially since the USD currency might not be too friendly to them.
Second, China historically valued silver almost as highly as gold, and used silver for trade much like we did with gold in the old gold standard/balance of payments world. Remember the trade dollar, minted for use to trade with china in the 19th century?http://en.wikipedia.org/wiki/Trade_dollar_(United_States_coin) . As the chinese are a people of great tradition, I can't help but wonder if this price increase is coming from the east... just a musing, no way to prove.
I'm waiting for a rise in short term interest rates to signify a change in the operating environment. I see no indication of this.
